-- Connecting the dots between our economy, government and business --
The hotel should be considered a “pipe dream” until housing costs in the community are “easily accessible to the Black and Brown people who have been living here for ages,” South Shore renter Courtney Chism said.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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The pipe dream is housing projections, how has that worked so far.
Hey folks in the community, how’s your Savior looking in the rear view mirror? Got those “ shovel ready “ jobs yet? How about that health care? Get ready to be gentrified as he lives in one of his three mansions.